Craggs Appraisal Services, LTD knows the special needs of estate executorsSettling an estate is an important and sometimes stressful task. As a trustee, you've been given the power to carry out the wishes of a loved one as swiftly and respectfully as possible. You can count on us to act expeditiously and with as much respect to the feelings of everyone left behind.
Lawyers and accountants rely on our understanding when calculating real property values for estates, divorces, or other disputes requiring a value being determined for real property. Generally, the parties involved will have different expectations of how the appraisal process should work; however, our understanding of the estate process will, without a doubt, satisfy all parties involved. Among our staff, we are used to dealing with legal agencies in providing appraisals that meet their requirements.
Commonly, settling an estate requires a detailed appraisal report to ascertain market value for the home to the satisfaction of the parties involved. We know that in this time of loss, ordering an appraisal report is the furthest thought from your mind. So, there's a chance the time an appraisal report is needed will be different from the date of death. Our staff is knowledgeable about the practices and requirements necessary to produce a retrospective appraisal with an effective date and market value estimate matching the exact date your loved one passed away. The ethics provision explained within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our staff to confidentiality, certifying the fullest degree of privacy for you and your family.
The necessity of ordering a real estate appraisal when dealing with revenue services to explain income when filing documents is often misunderstood by most people.
Opinions of value used in documents provided to revenue authorities absolutely should be backed by a detailed report as to how the appraiser acquired his conclusions. Such a report will certainly demonstrate to the IRS that the numbers used are well-founded and substantiated.
An executor will be satisfied by an appraisal by Craggs Appraisal Services, LTD which will provide him solid facts and numbers to work with revenue agencies' requirements. You need not stress over anything, because we will be there to back up our appraisals if they are ever refuted.